Insider Selling: Safehold (NYSE:SAFE) Director Sells $138,320.00 in Stock

Safehold Inc. (NYSE:SAFE) Director Robin Josephs sold 9,500 shares of Safehold stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $14.56, for a total transaction of $138,320.00. Following the completion of the sale, the director owned 89,068 shares of the company’s stock, valued at approximately $1,296,830.08. The trade was a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Safehold Trading Down 0.2%

Shares of NYSE:SAFE opened at $14.01 on Monday. The business’s 50 day simple moving average is $15.76 and its 200 day simple moving average is $15.33. Safehold Inc. has a 1 year low of $12.76 and a 1 year high of $17.45. The company has a debt-to-equity ratio of 1.77, a current ratio of 34.37 and a quick ratio of 34.36. The company has a market capitalization of $991.98 million, a P/E ratio of 8.65, a P/E/G ratio of 4.18 and a beta of 1.73.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The firm had revenue of $114.65 million during the quarter, compared to analysts’ expectations of $110.78 million. Safehold had a return on equity of 4.76% and a net margin of 27.70%. On average, research analysts anticipate that Safehold Inc. will post 1.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SAFE. BlackRock Inc. increased its holdings in shares of Safehold by 2.1% during the second quarter. BlackRock Inc. now owns 9,938,575 shares of the company’s stock worth $156,036,000 after buying an additional 200,628 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Safehold by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,355,407 shares of the company’s stock worth $18,557,000 after acquiring an additional 6,255 shares in the last quarter. Long Pond Capital LP acquired a new stake in Safehold during the fourth quarter worth approximately $12,936,000. California State Teachers Retirement System increased its holdings in Safehold by 1,761.8% in the second quarter. California State Teachers Retirement System now owns 808,032 shares of the company’s stock worth $12,686,000 after purchasing an additional 764,632 shares in the last quarter. Finally, NewEdge Wealth LLC bought a new stake in Safehold in the second quarter worth approximately $10,529,000. Institutional investors own 70.38% of the company’s stock.

Analyst Upgrades and Downgrades

SAFE has been the subject of several analyst reports. Zacks Research upgraded shares of Safehold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Raymond James Financial initiated coverage on shares of Safehold in a research report on Wednesday, August 19th. They set a “market perform” rating on the stock. Wall Street Zen raised shares of Safehold from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Cantor Fitzgerald restated a “neutral” rating on shares of Safehold in a research report on Tuesday, August 4th. Finally, Weiss Ratings upgraded Safehold from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Safehold has a consensus rating of “Hold” and a consensus target price of $17.17.

About Safehold

Safehold Inc (NYSE: SAFE) is a real estate investment trust focused on owning and managing ground leases. Through its ground lease structure, Safehold acquires the land beneath commercial real estate properties and leases it to property owners under long-term agreements, allowing those owners to retain ownership of and operate the buildings on the sites.

The company’s ground lease investments support a range of property types, including multifamily housing, office buildings, hotels, life sciences facilities, student housing, industrial properties and retail assets.